Publish Date:
Mirae Asset Mutual Fund has launched Mirae Asset Banking and PSU Debt Fund.
It is an open-ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Accordingly, the investment objective of the scheme is to generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds. The Scheme does not guarantee or assure any returns.
The scheme’s performance will be benchmarked against its performance to NIFTY Banking and PSU Debt Index.
It will be managed by Mr Mahendra Kumar Jajoo.
The NFO opens for subscription on July 08, 2020 and closes on July 20, 2020. The scheme will reopen for continuous Sale and Repurchase from July 27, 2020.
The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The fund offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).
The fund offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).